Mr. Ivan Bebek reports
AURYN EXPANDS SOMBRERO DISTRICT
Auryn Resources Inc. has staked a substantial land position in the Andahuaylas-Yauri belt in southern Peru. This area hosts significant large-scale porphyry and skarn deposits such as the Las Bambas, Tintaya, Antapaccay, Cotabambas, Los Chancas and Constancia deposits, as well as Auryn's undrilled Sombrero project.
Approximately 60,000 hectares have been applied for 75 kilometres to the southeast of Auryn's Sombrero project, establishing the company as a dominant player within the region. The areas staked represent both epithermal gold-silver and copper-gold skarn/porphyry targets.Those targets were staked in this highly underexplored region of Peru following a regional stream sediment program conducted by Auryn in 2017. The program screened 6,700 square kilometers using highly sensitive cyanide leach assay techniques and pointed to gold, copper and silver anomalies that were typically five times background level.
This latest staking has more than doubled the company's current land position to over 100,000 hectares in the region. The next stage of Auryn's exploration process will be to conduct systematic follow-up work consisting of high-density stream sediment sampling, reconnaissance rock sampling, mapping, trenching and geophysical programs.
Michael Henrichsen, Auryn's chief operating officer and chief geologist, stated: "This is a rare opportunity in the region as we don't believe there has been any systematic exploration in this area of Peru due to the perceived nature of an overlying postmineralization volcanic cover. Our field observations resulted in the identification of several erosional windows through the volcanic cover that exhibit epithermal, porphyry and skarn styles of mineralization. More importantly, the overlying volcanic cover rock has been observed to host precious-metal-style epithermal mineralization."
Michael Henrichsen, PGeo, chief operating officer of Auryn, is the qualified person who assumes responsibility for the technical disclosures in this press release.
About Auryn Resources Inc.
Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The company's management team is highly experienced with an impressive record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia, and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.
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